Showing 1 - 10 of 10
Can educational institutions explain occupational choice between wage employment and entrepreneurship? This paper follows Lazear's (2005) Jack-of-all-trades hypothesis according to which an individual with a more balanced set of abilities is more likely to enter into entrepreneurship. In the...
Persistent link: https://www.econbiz.de/10005025459
We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10004963483
knowledge through the U.S. Small Business Innovation Research Program. Our conceptual framework assumes the nature of an …
Persistent link: https://www.econbiz.de/10005097877
This paper demonstrates that insiders can erect barriers to entry and skim rents by sinking costs in human capital when labour markets are otherwise perfectly contestable. The sunk costs nature of human capital investments may result from the need to satisfy ever increasing specialised skill...
Persistent link: https://www.econbiz.de/10005097961
This paper studies the impact of process and product innovations introduced by firms on employment growth in these firms. A simple model that relates employment growth to process innovations and to the growth of sales separately due to innovative and unchanged products is developed and estimated...
Persistent link: https://www.econbiz.de/10005097602
innovation and employment growth in Germany. The model is tailor-made for analysing firm-level employment effects of innovations … using specific information provided by CIS data. It establishes a theoretical link between employment growth and innovation …
Persistent link: https://www.econbiz.de/10005097734
Extending a recently developed multi-product model and distinguishing between different product and process innovation … activities, this paper reports new results on the relationship between innovation and employment growth in manufacturing and … information provided by CIS data. It establishes a theoretical link between employment growth and innovation output. The …
Persistent link: https://www.econbiz.de/10005097873
In this paper entrepreneurs are defined as agents who bring about economic change by combining their own effort with other factors of production in search of economic rents. The institutional setup is argued to determine both the supply and direction of entrepreneurial activity. Four key...
Persistent link: https://www.econbiz.de/10005645286
Public policy is currently shifting from SME policy towards entrepreneurship policy, which supports entrepreneurship without directing attention to quantitative goals and specific firms or employment groups. The institutional framework set by public policy affects the prevalence and performance...
Persistent link: https://www.econbiz.de/10008677920
In this introductory chapter to a collective volume,* we build on Baumol’s (1990) framework to categorize, catalog, and classify the budding research field that explores the interplay between institutions and entrepreneurship. Institutions channel entrepreneurial supply into productive or...
Persistent link: https://www.econbiz.de/10008794457